SIE FINRA Exams (A+ GUARANTEED) All exams combined

The Securities Act of 1933 correct answers The Securities Act of 1933 focused on greater transparency for investors After the stock market crash of 1929, it was passed into law to protect investors. Greater financial transparency and accuracy and less fraud or manipulation. The legislation...

What type of risk is unique to a specific industry, business enterprise, or investment type? correct answers Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? correct answers Buy a call, sell a call (The holder of a call has the right to ...

What is the cost basis of an inherited mutual fund? correct answers The net asset value (NAV) of the shares when the owner dies Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions correct answers the same stock in a...

When is interest on Treasury notes paid? A.) Quarterly B.) Semiannually C.) Annually D.) At maturity correct answers B.) Semi-annually The computation of dollar prices and accrued interest on municipal bonds is normally on what calendar basis? A.) 30/360 B.) 30/365 C.) Actual/360 D.) ...

1. Under normal circumstances, a customer's LOI on a mutual fund purchase is valid for what amx period time? A. 3 months B. 6 months C. 13 months 24 months correct answers C. 13 months FinCEN accomplishes its mission to safeguard the financial system from the abuses of financial crime, inclu...

Under the Securities act of 1933, registration is required for which of the following securities? correct answers American Depositary Receipts Which of the following outcomes are possible for the writer of a covered call option? correct answers Profit limited and loss limited A registered repr...

FINRA correct answers Financial Industry Regulatory Authority. product of NYSE and NASD merging. Formed in mid 2007 REGISTERED REPRESENTATIVE correct answers any person who accepts or solicits orders to buy or sell. any individual that makes a recommendation to a customer or who performs a su...

Call protections is most valuable to a bond owner when bond prices are generally correct answers Rising What risk does not apply to both foreign and domestic debt instruments correct answers exchange When a broker-dealer charges a commission on a securities transaction, it has acted as; correc...

The 1933 Securities Act, or the "Paper Act," correct answers is often referred to as the "truth in securities" law. It requires prospectus and full disclosure filings for all new issues (primary market) of securities considered nonexempt, such as corporate stock and bond offerings. The 1934 S...

The primary purpose of a syndicate desk in the context of an equity offering is to correct answers Build an order book and allocate the stock A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? correct answers 2 quarters A custom...

A married couple who earn over 300,000 currently as well as prior two years correct answers Accredited Investor Which of responses describes an advantage of index funds correct answers The protection of principal during bearish markets Under a system of statutory voting, a common stockholder h...

What entity's rules does SEC have to adhere to? correct answers Congress What entity do broker-dealers, registered reps, and exchanges/OTC markets have to adhere to? correct answers FINRA (Financial Industry Regulatory Authority) What entity must municipal securities firms and their professio...

What entity's rules does SEC have to adhere to? correct answers Congress What entity do broker-dealers, registered reps, and exchanges/OTC markets have to adhere to? correct answers FINRA (Financial Industry Regulatory Authority) What entity must municipal securities firms and their professio...